First and foremost my gratitude to all branch chairs and committee members throughout the country who are currently running their AGM’s, and reflecting on a year of collaboration in the profession and successful events for members. Many of the councillors and I have been able to join in person and online and it is great to see the dedication and enthusiasm from everyone involved.
 
NZIV council has had a busy start to the year with a governance training session and council meeting held in Wellington in February, we also had the chance to head to the Beehive and talk to Minister Penk (picture below).
 
Thank you to everyone who participated in the recent survey. Some really clear themes emerging which Council will incorporate into our workstreams where appropriate.

Heather Beard
President
New Zealand Institute of Valuers
Email:President@NZIV.org.nz
NZIV Council News

NZIV President Heather Beard (Pictured centre), Vice President Matt Snelgrove (R) and Valuer General Neill Sullivan caught up with the new Land Information Minister Hon. Chris Penk.

NZIV has enjoyed several meetings with successive Ministers over the years and we are pleased to maintain that constructive working relationship as the new Minister takes on his new portfolio.
Education
IVSC webinar on ESG - 21 March 2024 - 7pm NZT

ValuAsia Connect is a webinar series specifically tailored for valuation professionals and stakeholders throughout Asia. Co-organised by the International Valuation Standards Council (IVSC) and the Institute of Valuers and Appraisers, Singapore (IVAS), this series seeks to address the evolving landscape of valuation practices in the Asia-Pacific region.
The inaugural webinar, ValuAsia Connect: Environment, Social, and Governance, will provide an update on the latest edition of the International Valuation Standards (IVS) and explore the key Environment, Social, and Governance (ESG) factors and the regulatory environment that ought to be considered when valuing a business, asset, or liability.
 

Auckland Valuers Summit - April 10

The NZIV Valuers Summit is coming to Auckland on April 10. The summit includes the NZIV approved compulsory Standards and NZIV approved compulsory Ethics sessions.
This is a full day event.
 

More Regional Valuers Summits coming

Nelson / Marlborough - Thursday 12 May
Tauranga - Wednesday 12 June
This day comprises of six hours of continuing professional development specific to Valuers and will include the NZIV approved compulsory Standards and NZIV approved compulsory Ethics sessions in the programme.
 

WEBINAR - Future of Work with Dave Wild

The way we live and work in 2024 is changing significantly. From hybrid environments to AI co-workers, technology is having a profound impact on the work we do and how we do it. 

Futurist Dave Wild will guide you to explore critical skills needed for the Future of Work, new ways of adapting in shifted environments and how to inspire others through change. 

This is the first in a series of professional development sessions aimed at supporting valuers as they look beyond today and adapt for the challenges of tomorrow.  

Learn more about Dave and register for his webinar HERE.
Residential Valuation Forum
The Residential Valuation Forum (RVF) has opened expressions of interest for Residential Registered Valuers to join the RVF as a Guest. This position does not have voting rights on the RVF.
 
Exposure Draft  Feedback Sought
The Property and Valuation Standards Board has undertaken a review of NZVGP504 - Valuation of Houses Under Construction & Houses to be Built or Previously Unoccupied New Houses and has produced an updated guidance paper to be exposed for member comment.
Members can provide feedback until April 11.
For more information click HERE.
IVS Standards Update

As of 31 January 2024, IVSC released the latest updates to the International Valuation Standards (IVS)
This comprehensive update includes the addition of new chapters, encompassing Data and Inputs, Valuation Models, and Reporting. The revised standards, effective from January 2025, also place increased emphasis on integrating ESG considerations into the valuation process.
There is also a focus at IVS 100 Framework 20.1 – 20.8 in relation to “ Valuation Process Quality Control”. If you are considering early adoption you must meet all of the requirements in this and all other sections.
PINZ will be conducting training sessions throughout 2024.
Members can access these standards for download via the PINZ website HERE. Additionally, a 'red-line' version of the standards has been published to highlight changes made from the previous edition.

Blue Hancock
Chair
Property and Valuation Standards Board 
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